Ratings agency upgrades bonds

By Larry Rulison

Published 7:25 pm, Friday, August 15, 2014

Fitch Ratings upgraded bonds issued by the New York Power Authority from "stable" to "positive." NYPA runs hydropower stations on the St. Lawrence and at Niagara Falls and several large transmission lines. Gov. Andrew Cuomo called the upgrade "testament to the progress we have made over the last few years to put the state's fiscal house in order."